TABLE 2. PERCENTAGE DISTRIBUTION OF COMPENSABLE CASES AND OF AGGREGATE CASH BENEFITS (INCURRED LOSS), AND AVERAGE BENEFIT, BY DISABILITY CLASSIFICATION, SELECTED POLICY YEARS, 1939-701 1 Excludes cases receiving medical benefits only. Data for individual policy years not strictly comparable because of shift in States included and in definition of policy year. • For permanent injury cases includes, in addition to compensation for loss of earning power, payments to those cases during periods of temporary disability. For temporary disability cases, includes only those closed cases known not to have involved any permanent injury and the open cases in which, in the carrier's judgment, the disability will be temporary only. 3 Disability rate at 75-100 percent of total. * Disability with severity equal to approximately 25-75 percent of total. * Disability with severity equal to less than approximately 25 percent of total. Source: Unpublished data from the National Council on Compensation Insurance. TABLE 3.-ESTIMATED AVERAGE MONTHLY NUMBER OF WAGE AND SALARY WORKERS COVERED BY WORKMEN'S COMPENSATION, 1969 AND 1972 2 Net cash and medical benefits paid by private insurance carriers under standard workmen's compensation policies. Data from the "Spectator (Insurance by States... of Casualty Lines)," from published and unpublished reports of State insurance commissions, and from A. M. Best Co. 3 Net cash and medical benefits paid by competitive and exclusive State funds and the Federal systems, including "black lung" benefits. Includes payment of supplemental pensions from general funds. Compiled from State reports (published and unpublished), and from the "Spectator, Argus Casualty and Survey Chart" or other insurance publications. Data for fiscal years for some funds. Cash and medical benefits paid by self-insurers, plus the value of medical benefits paid by employers carrying workmen's compensation policies that do not include the standard medical coverage. Estimated from available State data. Source: Estimated by Social Security Administration on the basis of unpublished policy year data from the National Council on Compensation Insurance. TABLE 6.-COMPARATIVE RATIOS OF BENEFITS TO PREMIUMS, PRIVATE CARRIERS, 1950-72 1 2 Data for 1950-58 from "Spectator: Insurance by States of Fire, Marine, Casualty, Surety and Miscellaneous Lines," annual issues. Data for 1959-66 compiled from published and unpublished reports of the State insurance commissions. Beginning 1967, data from A. M. Best Co. a From National Council on Compensation Insurance, "Insurance Expense Exhibit (Countrywide)," annual issues. + Excludes premium discounts and retrospective adjustments but not dividends. TABLE 7.-COUNTRYWIDE WORKMEN'S COMPENSATION EXPERIENCE OF STOCK AND MUTUAL COMPANIES, 1939-72 1 Net gain ratio represents ratio before dividends to stockholders and policyholders and investment income. 2 All figures disregard dividends to policyholders, which if taken into consideration result in higher loss ratios and expense ratios. 3 Annual figures previously published in the articles on workmen's compensation that appeared in the "Social Security Bulletin," March 1954, August 1958, October 1966, and October 1970. Source: Data for 1939-64 compiled from Annual Reports of the New York State Insurance Department and from the Annual Casualty-Surety Editions of the "Eastern Underwriter" and refer to countrywide business of private carriers operating in the State of New York (representing about 80 percent of all business underwritten for U.S. employers by insurance companies). Data for 1965-72 are from annual issues of National Council on Compensation Insurance, "Insurance Expense Exhibit (Countrywide)" and refer to countrywide business of all private carriers operating in the United States. TABLE 8.-ESTIMATED NUMBER OF WORKERS COVERED IN AN AVERAGE MONTH AND TOTAL ANNUAL PAYROLL IN COVERED EMPLOYMENT, SELECTED YEARS, 1940-721 2 Midpoints of range used in computing percentages. Starting with 1967, employed wage and salary workers exclude those aged 14 and 15 (as well as younger workers) and includes certain workers previously classified as self-employed. Source: Employed wage and salary workers from "Current Population Survey," Bureau of Labor Statistics. Wage and salary disbursements from Bureau of Economic Analysis, Department of Commerce. Five States have public temporary disability insurance (TDI) programs under which cash benefits are paid to workers for periods of up to 6 months for sickness or accident not originating in the work place. These programs were designed to cover risks to earning capacity not covered by workmen's compensation, which requires that injuries or death be incurred on the job, or by disability insurance (DI), which requires that the disability be relatively long lasting. In these social insurance plans, workers generally must have earned a minimum amount and/or worked in a specified recent period to be eligible for benefits. The five State TDI programs are financed in part or wholly by worker contributions. A summary of the principal eligibility and benefit provisions of these provisions is given here: TABLE 9.-SUMMARY OF STATE TEMPORARY DISABILITY INSURANCE PROGRAMS 1 TABLE 10.-CALIFORNIA STATE-OPERATED FUND FOR TEMPORARY DISABILITY INSURANCE, 1947-72 |